Automatic wave scan: as of 4 Nov 2026, the automatic daily count for Chainlink is Wave 5 up with a bullish bias. The count stays valid while price holds 10.2730.
Current Chainlink wave count
Automatic wave scan Updated daily from the latest daily close (4 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 10.6170 on 16 Sep 2026. Next levels to watch are 11.8770 and 12.0584. The count fails on a daily close below 10.2730.
Key levels
| Type | Levels |
|---|---|
| Resistance | 13.5060 · 12.0910 |
| Support | 10.2730 · 10.6170 |
| Invalidation | 10.2730 |
What is Chainlink?
Chainlink connects blockchains to outside information. Many lending and trading apps rely on its price feeds to know the value of assets. It was co-founded by Sergey Nazarov and Steve Ellis and raised funds in a 2017 token sale.
LINK is used to pay node operators who provide data and, in newer versions, to stake as a guarantee of good behavior. The total supply is 1 billion LINK.
What moves the Chainlink price?
- DeFi growth: More money in lending and trading apps means more demand for reliable price data.
- Bank and fund partnerships: Projects with financial firms testing tokenized assets have lifted LINK's profile.
- Staking: Staking programs lock up LINK and can reduce supply on exchanges.
- Cross-chain tools: Chainlink's tools for moving data and tokens between blockchains add new uses.
- Crypto market trend: LINK still follows the overall market direction.
How Chainlink moves in Elliott Wave terms
LINK has a history of long base building phases followed by sharp breakouts. Its 2019 to 2020 rally was a classic extended impulse. After its 2021 high, the price formed a long corrective structure.
Chainlink often reacts well to Fibonacci retracements, especially the 61.8 percent level, which makes it useful for practising wave 2 and wave 4 entries.
Tips for counting Chainlink waves
Wait for a confirmed breakout from long ranges. Use the 61.8 percent retracement of the last impulse as a key area for wave 2 entries.
Chainlink key facts
Chainlink Elliott Wave FAQ
What is a blockchain oracle?
An oracle is a service that brings outside data, such as asset prices or weather, into a smart contract so it can act on it.
What is LINK used for?
LINK pays the node operators that provide data and can be staked to secure the network.
What is the total supply of LINK?
The total supply is fixed at 1 billion LINK.
Sources and further reading
- Chainlink documentation (Chainlink)
- Chainlink (blockchain) (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
